Quote:
Originally Posted by --2cents
Hi
I am looking at purchasing property in Hurghada and would like to hear of recommendations of developers/ agents who are trustworthy and helpful throughout the buying process.
thx
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Ive come accross a few developers in Egypt over the last couple of years.in Cairo I was impressed with Khaled Abou Taled and his brother Tarek who developed Kattemaya Heights Golf Community and who have recently done Kattameya Dunes their second golf project - another huge success. Khaled is also President of the Egyptian Golf Foundation and Ive had some dealings with him on the new Golf Project in Gouna. Very honest I would say.
My dealings with Orascom over my purchase of a villa in Gouna were very straitforward and it gave me great confidence that the Sawiris family who own Orascom and thus Gouna are so prominent in Egypt and concerned to protect their hard won reputation.
Im sure Damac and Emaar from Dubai can be trusted as they again have reputations to protect and I believe their entry into the market will be very positive.
Another developer whove Ive met is a chap called Fady Iskandar who has a scheme at Sahl called Azur something or other. Hes v good and trustworthy.
I think its always sensible to be wary of developers who may be small local outfits and foreign developers unless they are well known. Track record is everything and even if most people are honest I think often situations arise with developments where less well capitalised developers have little option but to resort to llower standards than you would hope as they are often just trying to survive.
Hope this helps
Jeremy